BLOGS

From Renting to Homeownership: A Christchurch Success Story Buying a first home can feel out of reach for many Kiwi families, particularly when property prices, deposit requirements and changing lending criteria create barriers to entry. This case study demonstrates how Global Finance helped a young Christchurch couple secure approval under the Kāinga Ora First Home Loan scheme, purchase their first home with a low deposit, and structure their lending strategically to help them become mortgage-free sooner. The Clients' Situation Our clients were a young working couple looking to purchase their first owner-occupied home in Christchurch. Their Profile First home buyers Combined annual income of approximately $125,000+ Limited deposit available Existing personal lending commitments One applicant had only recently commenced employment with a major bank Required lending above 90% of the purchase price Needed a lender willing to support a Kāinga Ora First Home Loan application Like many first home buyers,...